These are all good points...

GUSD has been around for a few years and is a stablecoin that is pegged 1:1 to the US dollar. It's also insured up to $250K by the FDIC, but the issue is... how straightforward would it be to get that money if BlockFi went belly up?

My personal opinion - I feel pretty safe having a portion of my savings in GUSD earning a decent rate of interest at BlockFi.

I would NOT do what is essentially buying on the margin with Bitcoin. However, I could see taking out a loan in GUSD against GUSD collateral... I wouldn't do it, because I am massively debt averse, but it might make sense in some situations.

Thanks for your great comment!!! I updated my article based on your comment. :)